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EOG Resources
May 9, 2020

EOG expects to have six rigs for the remainder of 2020

Drilling, Drilling Rigs, EOG Resources

EOG Resources, Bill Thomas. Second Quarter and Full Year 2020 Forecast We entered this downturn in a position of operational and financial strength, and the…

News
May 8, 2020

Saudi Arabia raises crude oil prices

Aramco, Commodities, Crude Oil Prices

Demand worries are lingering, yet Saudi Arabia has increased crude oil prices, and U.S. oil prices fell more than 3%. Earlier in the day, after…

News
May 7, 2020

Liberty was built to survive tough times?

Business, Liberty Oilfield Services

Chris Wright — Chief Executive Officer and Chairman during his Earnings Call. Our industry has been hit with two large shocks since our last quarterly…

News
May 7, 2020

U.S. To Withdraw American Patriot Missiles From Saudi Arabia

Aramco, Commodities, Geopolitics

U.S. To Withdraw Patriot Missiles From Saudi Arabia and is considering reductions to other military capabilities. “Saudi Arabia is a very wealthy country and they’ve…

News
CAIRN Energy Mexico Bust
May 6, 2020

Cairn Energy finds a dry well in Gulf of Mexico.

Cairn Energy, Drilling, OilField

CAIRN Energy has suffered fresh disappointment with the drill bit in the Gulf of Mexico. Edinburgh-based Cairn told investors yesterday that drilling on the last…

News
May 6, 2020

seekingalpha.com Really likes Liberty Oilfield Services

Liberty Oilfield Services

LBRT has very low leverage, which is a significant advantage compared to some of the leveraged oilfield services players. However, its low cash flow is…

News
April 3, 2020

Trump has meeting with top oil executives

Business, Commodities

President Donald Trump said that the U.S. will “get our energy business back,” as he met with oil executives from at least seven companies amid…

News
March 26, 2020

Oops – US suspends plans to buy oil after funding is left out of $2 trillion stimulus package

Business

The U.S. Department of Energy is suspending its plans to buy crude for the country’s Strategic Petroleum Reserve after the requested $3 billion in funding…

News
March 26, 2020

Halliburton is looking to Russia for work

 Halliburton

Oilfield services firm Halliburton HAL.N and Russia’s Gazprom have signed an outline agreement on technological cooperation to construct wells at the Achimov oil formation in…

News
March 21, 2020

The U.S Oil industry will see thousands of jobs lost

Business, Commodities, OilField

One of the most painful busts in the history of crude oil happened just six years ago when a sharp price drop cost 200,000 roughnecks,…

News
March 20, 2020

Continental Resources plans to cut rigs and spending in 2020

Continental Resources, Drilling, Drilling Rig

Continental Resources on Thursday cut its 2020 capital spending budget by 55%, reports said. Continental Resources said it intends to spend about $1.2 billion in…

News
March 17, 2020

Mnuchin warns U.S jobless rate could hit 20%…

Business, Commodities, Economy, OilField

Treasury Secretary Steven Mnuchin raised the possibility with Republican senators that U.S. unemployment could rise to 20% without government intervention because of the impact of…

News
March 12, 2020

Apache says it will reduce its Permian rig count to zero

Apache, Drilling

Apache says it will reduce its Permian rig count to zero over the coming weeks, and plans to lower activity in Egypt and the North…

News
March 12, 2020

Warren Buffett talks oil price plunge, his investments that are now at a loss

Business, ConocoPhillips, Crude Oil Prices

Berkshire Hathaway CEO Warren Buffett weighs in on investing in oil after having the worst day since 1991.

News

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